This module allows you to analyze existing cross correlation between Hang Seng and NIKKEI 225. You can compare the effects of market volatilities on Hang Seng and NIKKEI 225 and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Hang Seng with a short position of NIKKEI 225. See also your portfolio center. Please also check ongoing floating volatility patterns of Hang Seng and NIKKEI 225.
|Time Horizon||30 Days Login to change|
Hang Seng vs. NIKKEI 225
Given the investment horizon of 30 days, Hang Seng is expected to under-perform the NIKKEI 225. In addition to that, Hang Seng is 1.38 times more volatile than NIKKEI 225. It trades about -0.15 of its total potential returns per unit of risk. NIKKEI 225 is currently generating about -0.08 per unit of volatility. If you would invest 2,300,237 in NIKKEI 225 on May 21, 2018 and sell it today you would lose (44,694) from holding NIKKEI 225 or give up 1.94% of portfolio value over 30 days.